Festi hf.: Buyback program week 36
In week 36 2025, Festi purchased in total 170,000 own shares for total amount of 51,440,000 ISK as follows:
Week | Date | Time | Purchased shares | Share price | Purchase price |
36 | 3.9.2025 | 13:29:12 | 80.000 | 300 | 24.000.000 |
36 | 4.9.2025 | 11:19:16 | 50.000 | 304 | 15.200.000 |
36 | 5.9.2025 | 12:41:58 | 40.000 | 306 | 12.240.000 |
170.000 | 51.440.000 |
The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 1,731,226 own shares or 0.55% of issued shares. Festi has now bought in total 1,655,000 own shares for 495,110,000 ISK and holds today 1,901,226 own shares or 0.61% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 27 June 2025 to Nasdaq OMX Iceland. The program envisages the buyback of a total of 2,500,000 own shares or 0.80% of the issued shares, with the cap of 800 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. ().
